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20121222
20121222
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in hawaii, where they will spend christmas. but it is not all folly and mistletoe as the president has won each on fiscal cliff negotiations, which are stalled, as washington shut down for a holiday. mr. obama expects to return to work right after christmas. before heading to hawaii. he warned it's time for party leaders to take action. karen caifa reports from washington, where members of congress have also left town. >> the next few days i have asked leaders of congress to help work out a package. this will protect unemployment for millions of americans. >> remarks came after john boehner failed to muster up -- >> we had a number of our members who just did not want to be perceived as raising taxes. >> the two sides both left for christmas holiday and they blamed each other for not acting. they stated that more action is needed from the gop. >> we will need to have a bipartisan solution. >> the next move will need to call from the present. >> he is the only one who could door. this is not john boehners problem to solve. >> in washington, i am karen caifa. >> and now to connecticut were n
for hawaii. the president, first lady and their two daughters boarded air force one at joint base andrews in maryland earlier tonight. mr. obama plans to return to washington after christmas to continue working on a deal to avert the fiscal cliff. >> a blizzard is pounding the upper midwest, causing havoc on the roads and leaving thousands of residents without electricity. the national weather service has blizzard and winter storm warnings in effect through at least tomorrow night. here's a look at the near whiteout conditions in williamsburg, iowa. the high winds are expected to continue overnight. the blizzard conditions stretch from nebraska up through southern wisconsin. >> coming up, turned the holiday season to not let that the chp catch you writing. hriding -- dirty.. >> the bay area's favorite way to ring in the new year. is always with kron 4. the biggest parties and spectacular fireworks. will all be on kron 4's new year's live show. it is hosted by catherine heenan and gary radnich. kron 4's - new year's live. starts at 11-30 on new years eve. (music) >> pam: now for today's ma
this holiday in hawaii. this is new video of them arriving at the air force base from overnight. the president said he will be back in washington next week to deal with the budget but he is not the only one leaving town. republicans and democrats, senators and representatives all headed home for the holidays before reaching any agreement on ways to avoid end of the year tax hikes and budget cuts. the house speaker used the gop weekly address to say republicans will maintain their focus on reaching a deal. >> i have challenged the members of our party to grapple with these issues, to make choices and we are willing to because washington has a serious spending problem. this was the year of the size our debt, all 16 trillon dollars of it passed the size of our economy. it's a grim milestone. >> both sides continue to blame the other for not compromising. with no agreement the budget cuts and tax hikes will go into effect january 1st. >> it's more likely than ever that eastern and gulfports will be shut down by a strike. nearly 15,000 dock workers at ports from boston to houston are ready to wa
obama and his family have stepped off air force one for a holiday in hawaii. first family arrived there a couple hours ago. before they left they recorded their holiday address from the white house. the theme -- joy to all including the joy of giving. >> here that is especially true for some of our military families. the war in iraq is over. the transition in afghanistan is under way. after a decade of war, our heroes are coming home. all across america, their families are reunited. for this week, let's give thanks to our veterans and families. let's say a prayer for all our troops especially those in afghanistan. >> our military families sacrifice so much on our behalf. we believe we should serve them as well as they serve this country. >> the republican holiday wish given by john boehner is that both parties can come together and form a deficit cutting agreement that protects families and small businesses. >>> if you had a chance to talk to president obama, what would you ask him? students from schools around the bay area are writing him letters sharing hopes for the future. edu
, d.c. for the holiday. before he left for hawaii president obama issued a stern request to congressional leaders to approve legislation before the end of the year. >> once this legislation has agreed to i expect democrats and republicans to get back to washington and have it pass both chambers. i will immediately sign that legislation into law before january 1st of next year. >> the president was referring to legislation that would prevent a middle class tax hike and would protect unemployment insurance. he spoke after talking by phone with house speaker john boehner and meeting with senate majority leader. >>> the dow industrials dropped 120 points. the nasdaq fell 29. we also saw a number of conflicting economic reports that experts say suggests the economy is not sure where it's going top our consumer editor tom vacar is in san francisco's financial district with some explanations. >> reporter: there are two winds. those that are blowing and the much more important economic cross winds. for the overall economy most critical shopping days are ahead of us. >> i'm very c
flee the break that's next. just before departing for his annual holiday vacation in hawaii, president obama leaders to take action on crisis. karin caifa reports from washington, where members of congress have also left town. >> good afternoon, everybody. >>reporter: after speaking with party leaders friday afternoon, president obama called on congress to quickly come up with a solution to avert some end- of-year tax hikes associated with the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>reporter: the remarks came after house speaker john boehner failed to muster enough of his party's support to bring his "plan b" to the floor. his proposal would have effectively raised taxes only on those americans making more than one million dollars a year. >> we had a number of our members who just really didn't want to be perceived as having raised taxes. >>reporter: th
Search Results 0 to 5 of about 6